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                <a href="/en/Index.aspx">Home</a> > <a href="/en/Biz/CoreAsset/Overview.aspx">Our Business</a>
                > <a href="/en/Biz/CoreAsset/Overview.aspx">Core Asset Operation</a> > IT</p>
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                Lenovo</p>
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                A member of Legend Holdings, Lenovo was founded in 1984 and is a company focusing
                on personal technology.
                <br />
                <br />
                Formed by Lenovo’s acquisition of the former IBM Personal Computing Division, the
                company is the world’s second largest PC maker with a worldwide market share of
                15.6% (by September 30, 2012). Its revenue for the 2001/2012 fiscal year is 29.6
                billion US dollars. Serving customers in more than 160 countries, the company develops,
                manufactures and markets reliable, high-quality, secure and easy-to-use technology
                products and services.
                <br />
                <br />
                Since 1997, Lenovo has consistently been the No. 1 PC brand in China in terms of
                sales, and currently it commands a market share of more than 30% there. In 2000,
                it became the No. 1 PC maker in Asia Pacific (excluding Japan, according to IDC).
                In 2012, Lenovo is ranked No. 370 in the Fortune Global 500 list.
                <br />
                <br />
                With product innovation, a highly efficient global supply chain and strong strategic
                execution, Lenovo is dedicated to building exceptionally-engineered PCs and mobile
                Internet devices. Its product lines include legendary Think-branded commercial PCs
                and Idea-branded consumer PCs, as well as servers, workstations, and a family of
                mobile Internet devices, including tablets and smart phones.
                <br />
                <br />
                With clear and working strategies, persistent innovation and an “ownership” culture,
                Lenovo has been achieving strong and balanced growth in all geographies, product
                lines and customer segments. It is the fastest growing one among the world’s top
                five PC makers.
                <br />
                <br />
                In China, Lenovo has been a clear leader in the PC industry, and has accumulated
                solid business foundation there. It is determined to evolve from a leader in PC
                to a leader in the PC+ area.
                <br />
                <br />
                Lenovo has manufacturing and logistics facilities in Beijing, Shanghai, Chengdu,
                Wuhan, Huiyang and Shenzhen in China; Pondicherry in India; Monterrey in Mexico;
                Greensboro in the US. In addition, it applies contracted manufacturing and OEM across
                the globe.
                <br />
                <br />
                Corporate culture is the competitive advantage of Lenovo. The “ownership” culture
                has been deeply embraced among the staff as a core competence of the organization.
                Its diversified staff, coming from different cultural backgrounds, shares the 5Ps
                core values under the “Lenovo Way,” which advocates “We Do What We Say, We Own What
                We Do.” The 5Ps include: We PLAN before we pledge, We PERFORM as we promise, We
                PRIORITIZE the company first, We PRACTICE improving every day, and We PIONEER being
                entrepreneurial to embrace new ideas and opportunities.
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                    Yang Yuanqing<br />
                    Chairman and CEO, Lenovo</p>
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                    Mr. Yang Yuanqing is the Chairman and CEO of Lenovo, responsible for the overall
                    Board affairs, business strategy and operations of the company.
                    <br />
                    <br />
                    Mr. Yang joined Lenovo in 1989. He served as President and CEO between 2001 and
                    2004, Chairman between 2004 and 2009, and CEO between 2009 and 2011. Under his leadership,
                    Lenovo became the world’s second-largest PC company in October 2011, and has been
                    recognized as China’s best-selling PC brand since 1997.
                    <br />
                    <br />
                    Thanks to his leadership, Lenovo has won a series of global recognitions in the
                    past few years. It ranked first on Financial Times’ Top 10 Chinese Global Brands
                    in 2008. In 2009 and 2010, it was selected as Bloomberg Businessweek’s World’s 50
                    Most Innovative Companies. In 2011, Forbes ranked Lenovo as one of the Top 100 World’s
                    Most Reputable Companies.
                    <br />
                    <br />
                    Mr. Yang led Lenovo in establishing a strong distribution and retail network across
                    China. He developed a highly efficient nationwide service network, as well as pioneered
                    the concept of “family computer.” Mr. Yang was also responsible for creating Lenovo’s
                    unique dual business model: the Transaction Model for consumers, and Small and Medium
                    Business (SMB) customers; and the Relationship Model that targets large enterprises
                    customers. The dual model was later expanded to the rest of the world.
                    <br />
                    <br />
                    Meanwhile, Mr. Yang has played a key role in Lenovo’s transformation into a global
                    company. Lenovo’s acquisition of IBM’s PC business in December 2004 put the company
                    on a fast track to globalization. Since completing the acquisition, Mr. Yang has
                    been a key driver of global integration of the new Lenovo that aims to bring out
                    the best of both businesses. With the successful integration of both business and
                    culture, Lenovo’s global business developed soundly and achieved impressive results.
                    <br />
                    <br />
                    In 2006 and 2008, Lenovo successfully sponsored the Torino Winter Olympics and the
                    Beijing Summer Olympics as the exclusive IT equipment provider, respectively. It
                    was the first-ever The Olympic Partner (TOP) of the International Olympic Committee
                    from China. Lenovo's international brand image was effectively enhanced.
                    <br />
                    <br />
                    Mr. Yang was the 1999 winner of the May Fourth Youth Medal, highest honor for young
                    achievers in China awarded by All-China Youth Federation. In 1999 and 2001, he was
                    named by BusinessWeek as one of the “Stars of Asia”. In 2003, he was selected by
                    Chinese media as one of the “Ten Star Entrepreneurs”, and “Ten Most Valuable Managers”.
                    Mr. Yang was also named one of CCTV’s “2004 Businessmen of the Year”. In the next
                    year, he was ranked as one of “Asia’s 25 Most Influential Business Leaders” by Fortune
                    Asia. Two years later, Mr. Yang was named “2007 Chinese Business Leader of the Year”
                    by Fortune China. In December 2008, Forbes Asia voted Mr. Yang the Businessman of
                    the Year. In 2011, Finance Asia voted Mr. Yang the Best CEO in China.<br />
                    <br />
                    Mr. Yang was born in November, 1964. He obtained a bachelor’s degree from Shanghai
                    Jiaotong University in 1986, and Master’s degree in Computer Science from the University
                    of Science and Technology of China (“USTC”) in 1989. Mr. Yang currently serves as
                    a member of the Chinese People’s Political Consultative Conference; a Director of
                    China's Entrepreneurs’ Association; a guest professor at the University of Science
                    and Technology of China; and a member of the New York Stock Exchange’s International
                    Advisory Committee.
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